The Effects Of Gambling On Society

How does gambling affect society?

Gambling, is a big word and can mean many things. In this paper I will refer to gambling by using the definition from the free dictionary (Houghton Mifflin Harcourt Publishing Company, 2016), Gambling: The activity of playing a game for stakes or betting on an uncertain outcome. Gambling still is a massive word because what kind of gambling activities are we talking about? Gambling is also very addictive, approximately six and a half million people in America are addicted to gambling and 15 percent of Americans gamble at least once per week (Frazier, 2015). But what exactly is compulsive or pathological gambling? Gambling addicts don't get addicted to gambling just because of the game. No gambling has a lot

First of all, there is the difference between online and live gambling. Most live gambling games do also exist online. Everyone probably knows the casino which is also the place where you can find most gambling games. The most common gambling games there are poker, craps, blackjack, slots, roulette, Pai Gow poker, keno and the wheel of fortune or the so-called big six (ravyn, 2007). However, there are also a lot of gambling games outside of the casino. The ones people are most familiar with are sports betting, horse racing, the lottery and scratch cards. Yes, even buying scratch cards is considered as gambling. The variety that gambling offers is also maybe one of the reasons many people get addicted to it. Below I will tell about a few of the most played gambling

You can bet on many things, from auto racing to boxing to cricket, it is actually any type of wager associated with sporting events. Betting on sports can be a lot of fun for some people because they can make money while watching their favourite team play. The majority of the gamblers try to predict which team will win, this is called fixed odds sports betting. This type of gambling is also the traditional form of sports gambling and is played most worldwide. The principle of fixed odds sports betting is that both parties agree on the odds of a game when a wager is placed. When this wager wins, all those who have agreed on these odds will be paid out. This seems an easy way to earn money but sports betting can be very unreliable (GamblingSites.com, 2017). Another very famous betting game is betting on horses. This is a very traditional activity which was already around since horses have been running. Horse races used to be only for the elite, mostly kings and queens. If they had won they would go to the window afterward to collect their money. Today this principle still exists, but it is also possible online (Genuine World UK,